Cheap Apartments for Rent in the Downtown Morristown Neighborhood of Morristown, NJ from $1,800 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Morristown area of Morristown.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 7 Prospect St

$2,250 - $2,500

1 Bedroom Rentals

Available Now

7 Prospect St

MorristownNJ07960
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Chancery Square
Rent Specials
$2,822 - $3,463
Total Monthly Price

Total Monthly Price

Base Rent
$2,822 - $3,463
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Chancery Square

11 Cattano AveMorristown, NJ 07960
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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16 Washington St
2 Bedroom Apartments

16 Washington St

16 Washington StMorristown, NJ 07960
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Alister Morristown
1 to 2 Bedroom Apartments

Alister Morristown

1 Washington AveMorristown, NJ 07960
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Max on Morris
Studio to 2 Bedroom Apartments

Max on Morris

175 Morris StMorristown, NJ 07960
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Modera 44
Studio to 2 Bedroom Apartments

Modera 44

44 Prospect StMorristown, NJ 07960

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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10 King St
1 to 2 Bedroom Apartments

10 King St

10 King StMorristown, NJ 07960
Showing Results 1-49, Page 1 of 1

Downtown Morristown, Morristown, NJ Local Guide

Cheapest Available Downtown Morristown Apartments for Rent

 

The cheapest available apartment rental in the Downtown Morristown area of Morristown, NJ is a 1 Bed unit found at Olde Forge East Townhouses priced from $2,275. Beverly Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,400. Here are the most affordable Downtown Morristown apartments for rent in Morristown, NJ:

Apartment ListingModel NameBed/BathPriced From
Olde Forge East TownhousesOne Bedroom1BR,1BA$2,275
Beverly GardensDeluxe 1 Bed 1 Bath1BR,1BA$2,400
Franklin Manor Apartments1BR/1BA1BR,1BA$2,450
Morris Crossing Townhouses1 Bedroom Deluxe LG1BR,1BA$2,469
Modera 55A111BR,1BA$2,499
View Point Terrace1 Bedroom1BR,1BA$2,505
Modera 44A10 One Bedroom1BR,1BA$2,564
The Carlton1 bedroom 1 bathroom1BR,1BA$2,595
The Monroe Morristown1BR/1.0BA1BR,1BA$2,625
Eleven Dehartml-a021BR,1BA$2,825

Best Value Apartments for Rent in Downtown Morristown, NJ

As of July 12, 2026 the best value apartment in the Downtown Morristown area is the $2.21 price per square foot Three Bed Model at Carriage House Townhomes in the in the Downtown Morristown neighborhood starting from $3,885. The second greatest value Downtown Morristown apartment is the 1 bedroom 1 bathroom Model at The Carlton starting at $2,595 with a $2.36 price per square foot in the Downtown Morristown neighborhood. Here is today’s list of the best values for Downtown Morristown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Carriage House TownhomesThree Bed3BR,2.5BA$2.21
The Carlton1 bedroom 1 bathroom1BR,1BA$2.36
Morristown Gateway ApartmentsTwo Bedroom Standard2BR,2BA$2.94
Olde Forge East TownhousesOne Bedroom1BR,1BA$2.55
The Flats @ 85Deluxe 1 Bed 1 Bath rear facing1BR,1BA$3.27
Chancery SquareA91BR,1BA$3.49
Morris Crossing Townhouses1 Bedroom with Back Patio/Yard1BR,1BA$3.00
Beverly GardensDeluxe 1 Bed 1 Bath1BR,1BA$3.43
View Point Terrace1 Bedroom1BR,1BA$3.63
Franklin Manor Apartments1BR/1BA1BR,1BA$3.60

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Morristown, Morristown, NJ

Ranked #1

Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Morristown Apartments

How much is rent for a Cheap One Bedroom Downtown Morristown Apartment?

The lowest price for a Cheap One Bedroom Downtown Morristown Apartment is $2,275 at Olde Forge East Townhouses.

What is the lowest price for a Cheap Two Bedroom Downtown Morristown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Morristown is starting from $2,850 at Morristown Gateway Apartments.

What is the most affordable Downtown Morristown Three Bedroom Apartment?

The best deal on a cheap Downtown Morristown Three Bedroom Apartment rental is at Olde Forge East Townhouses and starts from $3,650.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.